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253-691-8561
Terrafin Real Estate
2600 Thorndyke Avenue W, Seattle, WA 98199
- $2,800,000
- 7,990
- SqFt
Listing Broker: Paragon Real Estate Advisors; Michael Urquhart; 206-812-9123; michael@paragonrea.com
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 2593827
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1954
- Living Area
- 7,990
- Lot Size
- 21,860
- Acres
- 0.50
- Subdivision
- Magnolia
- Neighborhood
- Magnolia
- MLS Area Major
- Queen Anne/Magnolia
Property Description
This well located 22-unit apartment building sits on a 21,860 square foot LR3 (M) zoned lot in Seattle's Magnolia neighborhood. On the market for the first time in 40 years the building was built in 1954 and offers 22 open one-bedroom units, a common laundry room, 24 storage units, 10 open parking stalls and a community barbecue area. Property has been self-managed for decades, and current rents are well below the market for a small one-bedroom in this submarket, giving a buyer room to add income on turnover. The lot is also a covered land play: a Cone Architecture feasibility study lays out 14 townhomes on this parcel alone, or about 30 across this parcel and the adjoining parcels at 2618 and 2626 Thorndyke Ave W, which are also available. Residents are minutes from Magnolia Village, Discovery Park, Fishermen's Terminal and the Interbay employment corridor, with 15th Ave W, the RapidRide D Line and the Ballard Bridge close by.
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Additional Information
- Amenities
- Coin Op Laundry
- Exterior Features
- Stucco, Wood, Wood Products
- Property Description
- 56 - 10+ Units
- Flooring
- Engineered Hardwood, Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Flat
- School District
- Seattle
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.